Good Budget Control Practices.. the secret to more easily creating a comprehensive budget control plan ... is to have answers in time to avoid budget, quality and customer satisfaction compromises.... to have a plan with all the answers to all the potential issues would be a huge undertaking. The secret is having the plan describe an approach that allows the workforce to discover the “right” answers when issues arise. The plan doesn’t need to have all the answers if it can provide the approach to discover them. If the discovery approach is not comprehensive, applying to all possible issues, then the plan’s impact on budget control is limited. Creating a comprehensive discovery approach to apply to all issues can be challenging.Catalyst TechnologiesCT_e9bac09c-4406-11e4-9f9b-a13c2e61dbbfBruce NagyPresident/CEO -- Bruce Nagy is the founder of Catalyst Technologies, a
company specializing in budget control. He has degrees in mathematics, science and engineering. He has been credited with recovering a congressionally visible, national defense program for the Pentagon
using budget control. He is also the first to develop a Likelihood of Success Algorithm to implement budget control in businesses. In the course of his 30 year career, he’s developed 18 different products focused on automating and applying “good” budget control practices within various sized organization, including Fortune 500 companies and the Department of Defense. To learn how to make budget control easier or the three part algorithm discussed in this article: http://www.catalysttechnologies.com/The “right” answers are metrically validated in terms of budget, quality and customer satisfaction. _e9bac27c-4406-11e4-9f9b-a13c2e61dbbfTo create a plan to establish good budget control practices. _e9bac344-4406-11e4-9f9b-a13c2e61dbbfWorkflow AnalysisAssess your workflow to either discover hidden issues or analyze existing ones in terms of severity._e9bac682-4406-11e4-9f9b-a13c2e61dbbf1I’ve developed a three part algorithm. The first part objectively assesses your workflow to either discover hidden issues or analyze existing ones in terms of
severity. The first part is like a triage approach, finding what needs to be addressed first in terms of severity in compromising budget, quality or customer satisfaction. It defines the questions._e9bac740-4406-11e4-9f9b-a13c2e61dbbfMetrics & DashboardUse metrics and a dashboard to ensure visibility in having the “right” answers._e9bac7e0-4406-11e4-9f9b-a13c2e61dbbf2The second part deals with issues in a way that ensures expectations are met within the budget provided. It provides the answers. It uses metrics and a dashboard to ensure visibility in having the “right” answers when dealing
with the issues. _e9bac880-4406-11e4-9f9b-a13c2e61dbbfLearningLearn to have better “right” answers._e9bac92a-4406-11e4-9f9b-a13c2e61dbbf3The third part of the algorithm focuses on learning to have better “right” answers. Sorry, but no plan is perfect, but at least the algorithm has an approach to ensure you get as close as possible in terms of “right” answers. The algorithm also outputs lessons learned from a team/group to share their “right” answers with other teams/groups._e9bac9ca-4406-11e4-9f9b-a13c2e61dbbf2014-09-24http://www.catalysttechnologies.com/downloads/A_Tip_Establishing_Good_Budget_Control_Practices.pdfOwenAmburOwen.Ambur@verizon.net